Topic: what about this trading strategy Bitcoin (Read 785 times)
this is not going to profitable, at last we get frustrated and start selling with whatever we have, so I prefer, you buy it from low priced exchanger and hold it for some days, if it goes below, then average it, you can sell it when the price go up, nothing to worry....
It is arbitrage buying cheap ...
how long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not?
am i dreaming
Yes, you are dreaming. At least at present. Feeshow long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not?
am i dreaming
and turnaround time make this a losing proposition.
At one point last month you could pull this between
BitYes (buying BTC) and Coinbase (selling BTC).
That was because of low fees -- both Coinbase
and Bityes were running zero fees for makers.
Turnaround time was more or less one day with
Coinbase consistently at a $2 premium to Bityes.
However this relied on using Astropay to get
USD quickly back to Bityes from Coinbase with
zero fees. Now Bityes has reinstituted maker
fees, suspended Astropay deposits, and the
average premium as fallen to ~$1.
there are platforms that can make this easy http://bitcoinpricelab.com/, you won't earn much, but it is doable
note that this site isn't complete, many exchange are missed
this is not a trading strategy
but it only utlitiez the difference in price from the exchange
but it only utlitiez the difference in price from the exchange
very much appreciate your answers guys
i did my math between a lot of sites then i discovered this if it is no impossible so it dose not worth
i did my math between a lot of sites then i discovered this if it is no impossible so it dose not worth
It is arbitrage buying cheap from BTC-E with Fiat using OKpay or PerfectMoney and sell @ high price selling platform (which also accepts OKpay or PerfectMoney for withdrawing Fiat)
witch until now did not find a trusted platform only {indacoin} withdrawing to Payza fees withdrawing inda+funding payza=6.5% it is high but at the end you will make a profit
questions
which platform high price selling trust and accepts OKpay or PerfectMoney for withdrawing Fiat
how long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not?
am i dreaming
Thank you
witch until now did not find a trusted platform only {indacoin} withdrawing to Payza fees withdrawing inda+funding payza=6.5% it is high but at the end you will make a profit
questions
which platform high price selling trust and accepts OKpay or PerfectMoney for withdrawing Fiat
how long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not?
am i dreaming
Thank you
You are not dreaming as this scenario is entirely possible, I did this exact arbitrage technique between BTC-e and Virtex using Perfect Money, OkPay and Payza. However, Virtex disappeared with my money. I have also performed this circular strategy between BTC-e and VirWox with my Credit Card. At the end of the day, the real question is if it is worth the time and effort as the differences in prices between exchanges are very small plus the deposit and withdrawal fees are high enough to take most of your profit.
i prefere to short it, but were can it be done
It is arbitrage buying cheap ...
how long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not?
am i dreaming
Yes, you are dreaming. At least at present. Feeshow long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not?
am i dreaming
and turnaround time make this a losing proposition.
At one point last month you could pull this between
BitYes (buying BTC) and Coinbase (selling BTC).
That was because of low fees -- both Coinbase
and Bityes were running zero fees for makers.
Turnaround time was more or less one day with
Coinbase consistently at a $2 premium to Bityes.
However this relied on using Astropay to get
USD quickly back to Bityes from Coinbase with
zero fees. Now Bityes has reinstituted maker
fees, suspended Astropay deposits, and the
average premium as fallen to ~$1.
It is arbitrage buying cheap from BTC-E with Fiat using OKpay or PerfectMoney and sell @ high price selling platform (which also accepts OKpay or PerfectMoney for withdrawing Fiat)
witch until now did not find a trusted platform only {indacoin} withdrawing to Payza fees withdrawing inda+funding payza=6.5% it is high but at the end you will make a profit
questions
which platform high price selling trust and accepts OKpay or PerfectMoney for withdrawing Fiat
how long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not?
am i dreaming
Thank you
witch until now did not find a trusted platform only {indacoin} withdrawing to Payza fees withdrawing inda+funding payza=6.5% it is high but at the end you will make a profit
questions
which platform high price selling trust and accepts OKpay or PerfectMoney for withdrawing Fiat
how long it takes withdrawing fiat to OKpay or PerfectMoney so i can make the same circle more than once a day or not?
am i dreaming
Thank you
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